Investment Summary

Salt Creek Capital Invests In Essex

On January 12, 2022, private equity firm Salt Creek Capital invested in distribution company Essex

Investment Highlights
  • This is Salt Creek Capital’s 6th transaction in the Distribution sector.
  • This is Salt Creek Capital’s 37th transaction in the United States.
  • This is Salt Creek Capital’s 2nd transaction in New Jersey.

Investment Summary
Date 2022-01-12
Target Essex
Sector Distribution
Investor(s) Salt Creek Capital
Deal Type Stake Purchase
Advisor(s) Building Industry Advisors LLC (Financial)

Target

Essex

Avenel, New Jersey, United States
Essex is a finisher, wholesaler, and distributor of premium custom private label hardwood flooring. The Company specializes as a value-added finisher and distributor of custom-wide plank and other high-end flooring products. Essex was founded in 2004 and is based in Avenel, New Jersey.

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Investor(S) 1

Investor

Salt Creek Capital

Woodside, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Salt Creek Capital (SCC) is a private equity firm focused on the lower middle-market. SCC targets growth oriented businesses (organic or through acquisitions) with the potential to lead their respective markets. Prospective companies are generally profitable ($1 million+ of EBITDA) and generate $3 to $50 million of revenue. Sectors of interest include business services, energy services, distribution, franchising, logistics, and specialty finance. Target transaction situations include recapitalizations, successions, growth capital financings, shareholder liquidity needs, MBOs, and divestitures. Salt Creek Capital is based in Menlo Park, California.

DEAL STATS #
Overall 37 of 45
Sector (Distribution) 6 of 8
Type (Stake Purchase) 1 of 1
State (New Jersey) 2 of 3
Country (United States) 37 of 45
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Miracle-Ear

Minneapolis, Minnesota, United States

Miracle-Ear is a distributor of high-quality hearing aids, parts, and accessory products for the hearing impaired under the Miracle-Ear trademark. Safe in Sound Hearing is based in the United States. The company operates out of 16 retail locations throughout Arizona, with exclusive and protected territorial rights to the Miracle-Ear brand across most of the state. Miracle-Ear was founded in 1948 and is based in Minneapolis, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 WRA

North Salt Lake, Utah, United States

WRA is a manufacturer and distributor of high-end wine storage kits, DIY residential cellar systems, wine cooling units, and innovative label forward racking. WRA provides wine storage products that range in size from kitchen countertop wine racks to fully customized wine storage systems and commercial displays to customers across the United States, under its own brands and third-party brands. WRA was founded in 2003 and is based in North Salt Lake, Utah.

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